Market analysis for the week

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19.01.2024
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Another working week is coming to an end. It was not remembered by any important economic dates.

🔴 The cryptocurrency market continued to fall. The capitalization of digital assets fell by 3.5%. Grayscale Trust’s address is all to blame, as it transferred a total of 54,343 BTC to exchanges in 5 days. The market was clearly overheated in its expectations, and now there is a legitimate correction — there are no recoiling trends.

🟢 The stock market is back in the green zone. The S&P 500 is up 0.3% and the Nasdaq is up 1.7%. Market participants have put their faith in “growth” stocks again. Investors’ attention is slowly returning to the reporting season. But it doesn’t affect the market much yet, let’s see how big tech will report.

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